Iclick Interactive Asia Group (ICLK) Issues Earnings Result…

Iclick Interactive Asia Group (NASDAQ:ICLK) released its quarterly earnings results on Wednesday, November 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01, Morningstar.com reports. The business had revenue of $42.59 million during the quarter, compared to the consensus estimate of $41.54 million. Iclick Interactive Asia Group had a negative return on equity of 8.74% and a negative net margin of 20.72%. Iclick Interactive Asia Group updated its FY 2018 guidance to EPS.

Shares of NASDAQ:ICLK opened at $3.56 on Friday. Iclick Interactive Asia Group has a 1 year low of $2.72 and a 1 year high of $11.40. The stock has a market cap of $189.72 million and a PE ratio of -4.62.

Several large investors have recently modified their holdings of ICLK. Jane Street Group LLC acquired a new position in shares of Iclick Interactive Asia Group in the 2nd quarter valued at approximately $762,000. Pinnacle Associates Ltd. raised its position in shares of Iclick Interactive Asia Group by 97.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 29,160 shares of the company’s stock valued at $114,000 after purchasing an additional 14,380 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Iclick Interactive Asia Group in the 2nd quarter valued at approximately $168,000. Finally, Millennium Management LLC acquired a new stake in shares of Iclick Interactive Asia Group during the 1st quarter valued at approximately $121,000. Institutional investors and hedge funds own 0.85% of the company’s stock.

Separately, Zacks Investment Research upgraded Iclick Interactive Asia Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th.

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Iclick Interactive Asia Group Company Profile

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.